Aware Super Pty Ltd as trustee of Aware Super Invests $6.33 Million in Monster Beverage Corporation $MNST

Key Points

• Aware Super Pty Ltd invested approximately $6.33 million in Monster Beverage Corporation, acquiring 100,996 shares in the second quarter.
• Monster Beverage's stock has received various ratings from analysts, with a consensus rating of "Hold" and an average target price of $66.05.
• The company reported earnings of $0.52 per share for the last quarter, exceeding expectations and showcasing an 11.1% increase in revenue compared to the previous year.

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Monster Beverage Corporation (NASDAQ:MNST - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 100,996 shares of the company's stock, valued at approximately $6,326,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Wayfinding Financial LLC acquired a new position in shares of Monster Beverage in the 1st quarter valued at $29,000. Webster Bank N. A. acquired a new stake in Monster Beverage during the 2nd quarter worth $38,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in Monster Beverage by 37.1% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company's stock valued at $42,000 after acquiring an additional 196 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in Monster Beverage in the first quarter valued at $43,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Monster Beverage during the second quarter worth about $55,000. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MNST has been the subject of a number of research analyst reports. Roth Capital reissued a "neutral" rating and issued a $60.00 target price (up from $56.00) on shares of Monster Beverage in a research report on Wednesday, August 13th. Citigroup reissued a "buy" rating and issued a $79.00 price objective (up from $76.00) on shares of Monster Beverage in a report on Thursday, October 9th. Bank of America raised their target price on shares of Monster Beverage from $72.00 to $75.00 and gave the stock a "buy" rating in a research report on Wednesday, October 8th. Rothschild & Co Redburn downgraded shares of Monster Beverage from a "buy" rating to a "neutral" rating and set a $60.00 price target for the company. in a research report on Wednesday, July 9th. Finally, UBS Group raised their price objective on shares of Monster Beverage from $67.00 to $72.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 8th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Monster Beverage has a consensus rating of "Hold" and an average target price of $66.05.

Insider Transactions at Monster Beverage

In related news, Director Mark Vidergauz sold 10,000 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total value of $637,300.00. Following the completion of the sale, the director owned 51,191 shares in the company, valued at $3,262,402.43. This trade represents a 16.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.30% of the stock is owned by corporate insiders.

Monster Beverage Price Performance

Monster Beverage stock opened at $68.65 on Thursday. The business has a 50 day simple moving average of $64.82 and a 200-day simple moving average of $62.16. Monster Beverage Corporation has a 12 month low of $45.70 and a 12 month high of $70.06. The stock has a market capitalization of $67.03 billion, a PE ratio of 42.64, a price-to-earnings-growth ratio of 2.39 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $2.11 billion for the quarter, compared to analysts' expectations of $2.08 billion. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. Monster Beverage's revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. As a group, equities research analysts anticipate that Monster Beverage Corporation will post 1.62 EPS for the current year.

About Monster Beverage

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.

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